SQUAWK

TUI sees vaccine roll-out key to sparking summer travel

Travel firm TUI Group is taking encouragement that a rapid roll-out of vaccines will help fuel a return to travel even as its latest quarterly results showed the company continuing to be hammered by the Covid-19 pandemic. Travel firm TUI Group is...

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Icelandair focuses on cash preservation as pandemic resurgence bites

Icelandair transported just 14,000 passengers during December 2020, but even this figure was more than the October and November totals combined. Fourth-quarter revenues for Icelandair Group amounted to just $60 million to 31 December, down by more than 80%, while...

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Malaysia can do more to help its aviation industry: Panel

While the Malaysian government has gone some way in helping its airline industry tide through the coronavirus crisis, more can done to give the ailing sector a fillip — especially because recovery is hard to predict.  While the Malaysian government...

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HAL Light Utility Helicopter achieves army IOC

The Hindustan Aeronautics (HAL) 3t Light Utility Helicopter (LUH) has achieved initial operational clearance (IOC) from the Indian army. The Hindustan Aeronautics (HAL) 3t Light Utility Helicopter (LUH) has achieved initial operational clearance (IOC) from the Indian army. The IOC...

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New Delhi forges ahead with new naval fighter, AMCA

India’s Aeronautical Development Agency (ADA) has provided additional details about the planned Twin Engine Deck-Based Fighter (TEDBF), as it moves forward with the Advanced Medium Combat Aircraft (AMCA). The TEDBF will be developed to replace the Indian navy’s RAC MiG-29Ks,...

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Sun Country Airlines files for IPO

US leisure travel specialist Sun Country Airlines has applied to go public, according to a filing with the Securities Exchange Commission (SEC). US leisure travel specialist Sun Country Airlines has applied to go public, according to a filing with the...

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Rex chairman ups the ante in tough Australian market

With its expansion into narrowbody operations, Australia’s Regional Express (Rex) offers a rare story of growth and ambition in a global airline industry reeling from the coronavirus pandemic. With its expansion into narrowbody operations, Australia’s Regional Express (Rex) offers a...

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DARPA’s multi-modal ‘LongShot’ missile programme awards design contracts

The US Defense Advanced Research Projects Agency (DARPA) has awarded preliminary design contracts for its LongShot programme, a concept that envisions an air-launched unmanned air vehicle carrying and firing multiple smaller air-to-air missiles. The US Defense Advanced Research Projects Agency...

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UPS receives first cockpit-updated A300, aims for fleet-wide updates by end-2022

Express air shipment company UPS has received its first Airbus A300 Freighter with Honeywell avionics updates and is now working to have its entire fleet upgraded before the end of 2022. Express air shipment company UPS has received its first...

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American expands international schedule from Miami

American Airlines is expanding international service from its Miami hub, with new direct flights to Tel Aviv and Paramaribo, Suriname, set to launch in June and July, respectively. American Airlines is expanding international service from its Miami hub, with new...

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